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Prabhudas Lilladher Report
We remain postive on Jubilant FoodWorks Ltd. given -
- Increased focus on store opening in coming years with medium term potential of 3,000 Dominos outlets
- Lower competition as several smaller players have gone out of business
- Investment in App being rewarded by record downloads and improved mix order value
- Huge growth opportunity in segments like biryani (EkDum) and chinese foods (Hongs Kitchen) given lack of large organised players.
We believe the company's wide reach and affordable portfolio will enable dine in to grow swiftly once capacity restrictions are lifted.
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